Investors bought shares of Facebook Inc (NASDAQ:FB) on weakness during trading hours on Friday following insider selling activity. $2,265.29 million flowed into the stock on the tick-up and $1,999.25 million flowed out of the stock on the tick-down, for a money net flow of $266.04 million into the stock. Of all companies tracked, Facebook had the 5th highest net in-flow for the day. Facebook traded down ($5.50) for the day and closed at $159.39Specifically, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $176.23, for a total transaction of $132,172.50. Following the transaction, the vice president now owns 82,096 shares in the company, valued at $14,467,778.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 152,700 shares of Facebook stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $166.61, for a total transaction of $25,441,347.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,746,505 shares of company stock worth $1,028,342,636. 17.23% of the stock is owned by company insiders.
FB has been the topic of several recent analyst reports. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $197.10 target price on the stock in a report on Wednesday, November 29th. MKM Partners boosted their target price on shares of Facebook to $240.00 and gave the company a “buy” rating in a report on Friday, December 1st. Evercore ISI initiated coverage on shares of Facebook in a report on Tuesday, December 5th. They issued an “outperform” rating and a $225.00 target price on the stock. Wells Fargo restated a “buy” rating and issued a $215.00 target price on shares of Facebook in a report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $213.54.
The firm has a market capitalization of $492,077.94, a PE ratio of 29.57, a PEG ratio of 0.88 and a beta of 0.64.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. research analysts anticipate that Facebook Inc will post 7.28 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Country Trust Bank lifted its stake in shares of Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after buying an additional 479 shares in the last quarter. Armbruster Capital Management Inc. lifted its stake in shares of Facebook by 358.4% during the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after buying an additional 448 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new stake in shares of Facebook during the 4th quarter valued at approximately $103,000. Price Wealth Management Inc. purchased a new stake in shares of Facebook during the 4th quarter valued at approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook during the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.
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Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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